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12/13
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and try to
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get out of the way. it will treat you like an adult. it will treat everyone equally under the law, it will help parents...
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seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're going to figure out how to get more people up to that category and try to write down how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think you know that we have got a
seven percent of americans pay no income taxes now you re going to say he has ales tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but that would shock me as a guy who wants to talk about romney well i've romney was an example he's met he's...
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Dec 5, 2013
12/13
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BLOOMBERG
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if you tax a shareholder, you are taxing the alternate beneficiary area >> as an ordinary rate. >> and they are clipping coupons. they are not hiring people. >> and corporations are doing that. >> you take their rate to zero. all this money to talk about overseas, if the corporations money and buy back stock and issue dividends, that money comes back at a 40% rate. they are not bringing it to the 35% rate. do you think this has a chance in hell of being politically viable? worse question. is the reason you are going to all these campuses is you want to create some kind of political inion that might result having a chance in hell? , i wantecond question to shine a light on this issue. i am desperately hoping the young people will start a movement. you i want to start a movement? i do not think i am capable. do i think i can articulate the facts? and have i seen them respond that someone else can start a movement? yes. they were instrumental in getting gay marriage passed. they are moving the needle on the environment. this thing is similar. >> on both of those issues, you are on their s
if you tax a shareholder, you are taxing the alternate beneficiary area >> as an ordinary rate. >> and they are clipping coupons. they are not hiring people. >> and corporations are doing that. >> you take their rate to zero. all this money to talk about overseas, if the corporations money and buy back stock and issue dividends, that money comes back at a 40% rate. they are not bringing it to the 35% rate. do you think this has a chance in hell of being politically...
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when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during the obama so called recovery they got 93%. so the rich have all these special deals which is helping them get more money while the poor are losing. >> i hear what you are saying. here's the thing. we see time and again these poll significances say we do want pro growth economic policies but they show up in washington d.c. and i think they got some kind of stockholm syndrome where they do their krony capitalism to redistrict and that doesn't work. mike is right. all new job creation over the last decade or so comes from the small business startups and, boy, they're g
when you increase tax rates on them you don't get that capital. all that money that rick is talking about that needs to be spent, invested into new businesses. that's the genesis of economic growth. capital investments. >> while small businesses are getting hurt, the big businesses have been doing fine. in fact, look what happened with the obama recovery compared to the bush expansion. the top one percent, we're hearing a lot about them, they had an expansion of 65% during bush. during...
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the federal gas tax -- let's lk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's notot what we're talkg about, we're talking about one thing -- >> no, no, no, that's partof it -- >> you need more money, you have other resource, why to you need more money? >> you do need more because since 2008, the general fund has contributed $41 billion to the federal highway trust fund. you're asking people, you're basically -- drivers are t paying their way -- >> wait, let me just finish one thing -- >> wait, let me -- >> i pay 12 bucks a day. i'm not using up -- >> you don't know that for a fact. we are not paying -- >> so you are for what this congressman -- you're agreeing with a guy who has a bic
the federal gas tax -- let's lk about one tax. the federal gas tax. it goes to the highway trust fund. it hasn't gone up in 20 years. but the cost of road repair and road construction has gone up 55%. >> you don't think a lot more people would drive? >> i think that the gas tax -- >> you think just because it hasn't been touched for 20 years -- >> it is declining revenue source because our cars are more fuel efficient -- >> what about -- >> that's notot what...
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Dec 7, 2013
12/13
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FOXNEWSW
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it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his policies to blame. welcome to forbes on fox. let's go in focus with steve forbes and others. steve, have his policies helped or hurt income disparity? >> it's hurt. this is the most miserable recovery in american history. medium incomes are lower than they were five years ago, the uncertainty of obama care, the horrific tax code, less opportunity for people to rise up. >> rick, he is criticizing something that happened under his watch. >> yeah, here's the problem that i have. first of all, and john will love hearing me say this. i'm not sure that government is a big answer. >> we are all happy to
it has very good tax treatment. >> do you leave a lot to your family? >> that's a very sensitive question, too sensitive to answer. >> i'm taking it all for me. kids, you're on your own. guys, thanks very much. >> that is a dangerous and growing inequality and lack of upward mobility that has jeopardized middle class america's basic market, that if you work hard you have a chance to get ahead. >> president obama this week blasting income inequality, but are his...
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of americans pay or no income taxes now you re going to take as ailes tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but romney would like that which struck me as a guy who wants to talk about romney well i've romney was an example he's met he's met it's all these other guys you know quarter to three quarters of the most profitable corporations in america pay no taxes most of most wealthy people in america people who are have an entitled over a million dollars a year are paying very wonder if you're considering how to get more people up to that category and try to write on how to not the people down to the plate place where they are having to pay all these things i would like to see a relative i don't i don't i know you don't i know you want to be millionaires and you are the poor people and i think they don't think we have too m
of americans pay or no income taxes now you re going to take as ailes tax and everything else add on no i'm saying but i'd say it was forty percent what the seven percent not the highest i'm a green and that's because of thirty two years of reaganomics have thrown the word have thrown the american middle class into the working poor now you're saying that sometimes they say but romney would like that which struck me as a guy who wants to talk about romney well i've romney was an example he's met...
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tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making it expensive for city government and for businesses to locate in detroit. we think if you combine all of this, that it would be the model for how you would rescue cities across the country but any impoverished area. we have impoverished areas in eastern kentucky. we think this same plan would rescue them and parts of louisville and other major cities. >> maybe the country while you're at it. we have had five years of spread the wealth. you didn't build that. share share economics. where has obama failed detroit? >> here's the problem. the president says let me tax houston, send it to washington, then i'll pass
tax down to five percent, the personal income tax down to five percent, make the capital gains tax zero, take the payroll tax and bring it down for the employee and the employer. without bringing any new money to detroit, just leaving money in detroit is over a billion dollars that would stimulate detroit's economy. >> basically a flat tax but flat nonetheless. >> absolutely. flat and very low. we also look at regulations and try to get rid of the owner's regulations that's making...
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Dec 8, 2013
12/13
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CSPAN2
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[laughter] we are going to have to raise taxes. we are going to have to raise taxes. now in your proposal -- the book looks at this in some detail. just if people the sense how you think this should be done and made politically power double. >> first you have to recognize that where the taxes are headed without doing anything and what percentage of gdp are we headed to on that basis and that is above the historical tax levels of gdp. a seconsecond i think you have o recognize as to what would end up happening if we didn't end up making reforms sooner or later how high the taxes might have to go in order to stop. in the book we talk about how they would have to double between 2030 to 2040. double. the other thing is you have to recognize political reality. in my view the longer we wait to try to repost the budgetary controls we form the insurance contract and prioritize the constrained spending. the higher the taxes are going to go for three reasons. one, the miracle of compounding. number two, demographics. more people are going to be in n franchise than the existing
[laughter] we are going to have to raise taxes. we are going to have to raise taxes. now in your proposal -- the book looks at this in some detail. just if people the sense how you think this should be done and made politically power double. >> first you have to recognize that where the taxes are headed without doing anything and what percentage of gdp are we headed to on that basis and that is above the historical tax levels of gdp. a seconsecond i think you have o recognize as to what...
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Dec 7, 2013
12/13
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we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control their children's future and their education, it will help creators have more jobs for workers. it will treat you the same way everyone else, the matter the color of your skin, what part of town you comfort. we have tried the bailouts, excessive taxation. it has not worked. it does not work. we will try a new approach. you can meet your new challenges as you rebuild your cities, it will endure and prevail. i promise you that i will work you do we do that. thank you very much. [applause] >> it is my job to sort hundreds of questions and tried to get
we have tax credits for education. $5,000 tax credit. this is a broad agenda, how we transform communities. it will touch everyone in this city. from the first time they go to school to becoming parents. economic freedom so that will remove government obstacles to success. it will provide a generation of citizens, students, workers with a new bargain, and the government will get underway. it will treat you like an adult. it will treat everyone equally under the law, it will help parents control...
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don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and that is why you get more time. >> died nine weeks? , 99 weeks? jedi that should do it if you cannot block did you go work at mcdonald's sadek but they're not be anymore because we will raise the battle waged. [laughter] dennis: it is set to stop talking but i could be a lot of a job here soon. nice job today. what you see it? the question of that i should the government extend unemployment benefits even if that adds to of employment? log on and we will shut -- share the results at the end of the show. more examples of past government god too far? have the problems plaguy obamacare and the white house said they fixed it but can
don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and that is why you get...
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lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on top of that he's saying oh and by the way the people who are unemployed after after twenty six weeks. now is the time i was there and all and i know you believe i know you hate freedom but here's the thing is that people in the united states need freedom and the thing that you know the only way you're going to have your activity somebody is no more free when they're unemployed and they lose their unemployment benefits say your definition of freedom well i'll tell you what's my definition of freedom and that's your defi
lowering their taxes if. i was doing was corporate shill corporate shill want to own one and then on top of that he has the i when i was talking about assaulting the mandatory minimum drug on top of the corporations just pop of that he has just love a libertarian senator who rails against the war on drugs and talks about bringing blondes out of poverty corporations love that top of that you know go it in the say let's have more corporate tax breaks and let's have more tax yes for rich people on...
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Dec 3, 2013
12/13
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FOXNEWSW
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we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax goes up. >> let's find out where it went and if it's not enough, we can allocate every penny. have at it. but it's wrong. >> thank you very much. again, folks, this comes down to -- take it from the geeks here at fox. money in and money out. we're getting a lot of money coming into the country, a lot of it from all sorts of folks, including you. so the problem is not all the money coming in, it's all the money going out. this is endem nick of what is wrong in the country. we're big on proposing more money to throw at problems but never looking at the money we have already thrown at that problem.
we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax...
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Dec 10, 2013
12/13
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CNNW
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he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there could be another bipartisan deal that could be more to your liking for deficit reduction. you and i both know, you will have to accept some tax releases. are you willing to get the debt off the backs. your kids? are you willing to compromise or whatever the word is with this president? >> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budge
he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there...
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i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according damage people use the roads as according to how much gas to use which is what they're really proposing, the people with these high-mileage tabriz should have to pay twice the sales tax as someone with a gas guzzler. is the same where and tear on the roads. what really troubles me is how much they waste the gas tax money. we spend enough on the road, but it gets wasted because of federal money whenever there is federal money involved we have to hire unionized workers. those wages are so out of whack with the market price that we can never afford the roads. melissa: i don't know. uni have been covering this for ever. we always said the only cure for high prices as high prices. they were really high. we did everything we could to fix that, drilling more, driving less, doing all this stuff. the government comes in and picked my pocket anyway. >> i'm telling you. and every mile that we drive right now is
i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according damage people use the roads as according to how much gas to use which is what they're really proposing, the people with these high-mileage tabriz should have to pay twice the sales tax as someone with a gas guzzler. is the same where and tear on the roads. what really troubles me is how much they waste the gas tax...
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we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us about that. >> the new tax bracket starts at 39%. so the bracket kicks in for taxpayers that are over for under 50,000 or 500. that is an increase from 35%. that's a huge increase. gerri: let's talk about the medicare taxes. in a new medicare tax rate of 0% tell us about that. gerri: the increase relates to earn income. that is on top of the social security increase that you had in the beginning of the year which is a 2% increase. many people were surprised. now you have that additional. he also have non income related to investments such as interest, dividends, capital gains, eff
we took there taxes were 2012 and layered the changes on taxes in 2013. it did not sound like a big increase, 7%. if you took the changes, not what you would think it would be, but the surprise was the amount. gerri? >> a quarter of a billion. gerri: were not talking about the world. just your clients. >> just clients. gerri: that's crazy. all right. let's take through these changes because there are a lot of them. starting with the brand spanking new income-tax bracket. tell us...
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but what i'm worried about is moreoney from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing demand and increasing the third-party payer which will lead to a lot more utilization of healthcare services in ways that there is no cost effectiveness order intelligent allocation of resources. and you're going to overprice your productsecause you know that consumers don't care and in this case american taxpayers. they are paying the bill. it's a cause some of what is going on with government inthe health care sector generally. but as i said, i'm tryin to be optimistic and this might be the example that people need with genuine medicaid reform, do what was then the ryan budget. let's block this program back to the state. at least as new york ste wants to waste money, only they will pick up t
but what i'm worried about is moreoney from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing demand and increasing the third-party payer which will lead to a lot more utilization of...
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Dec 6, 2013
12/13
by
WUSA
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, so that means you'll have less money taxed when you buy your taxes next year. so there's still time to do that. >> are there limits on the amount you can do that on? you can't just put your whole pay check on. >> no, if you're under 50, you can put up to 17,500 in 401k this year. if you're 50 or over, you can put 23,000. so most of us have a lot more room to go. >> and chances are you're not writing a 23,000 check at the end of the year. >> you can't do that anyway. it has to come out of your pay check. you need to talk to your human resources department to put it into your 401k. is there a cut off? december 31st? >> you can make them right up until the end of the year. i tell people, if you use a credit card to make your charitable contributions, and most big charities are happy to accept credit. even if you've paid off the credit card by december 31, it still counts as a contribution for 2013. if you're in a hurry, you have money coming in in january, you can charge your charitable contributions by december 31st. that's a deductible expense for 2013. >> when
, so that means you'll have less money taxed when you buy your taxes next year. so there's still time to do that. >> are there limits on the amount you can do that on? you can't just put your whole pay check on. >> no, if you're under 50, you can put up to 17,500 in 401k this year. if you're 50 or over, you can put 23,000. so most of us have a lot more room to go. >> and chances are you're not writing a 23,000 check at the end of the year. >> you can't do that anyway. it...
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Dec 2, 2013
12/13
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CSPAN
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frankly a lower flatter tax for americans is good. believe in appen to an earned income tax credit. that could accompany it. it's one way. we had the largest tax cut in the united states in the last budget. we -- we have earned income tax credits. refundable. it helps people. that's a reagan philosophy. help them both ways. so with carried interest. i haven't spent enough time it.nking about it should be on the table. at the end of the day, let's not up omething that gums venture capital that's creating the 24th century businesses. let's be careful about that. is a question about popularity. conservatism and populism and marrying those two things together. i'll keep going, to rick's dad, my dad, john's day. of people just think, wall 16,000 the dow over people losing, seeming every further and further behind. too big to fail, bigger to fail, bigger than before. there are a lot of conservatives with a small c out there that conservative populist talking about this issue, talking about breaking up banks. why are -- why do we keep to move bad behavior forward and rewarding bad behavior
frankly a lower flatter tax for americans is good. believe in appen to an earned income tax credit. that could accompany it. it's one way. we had the largest tax cut in the united states in the last budget. we -- we have earned income tax credits. refundable. it helps people. that's a reagan philosophy. help them both ways. so with carried interest. i haven't spent enough time it.nking about it should be on the table. at the end of the day, let's not up omething that gums venture capital that's...
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Dec 4, 2013
12/13
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CSPAN2
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as a poll tax? >> mr. speaker, everybody except when you make a change from one system to another there are hard cases. it needs to be dealt with compassion and that's why we have troubled the discretion housing payment to allow less appointed -- in ask the board with him with his welfare spoke person who has declared the labour party will be tougher on welfare and the coalition? and yet that side of the house has opposed 83 billion pounds worth of welfare savings. are they tough or are they nothing? >> mr. speaker, as you know more than many over the last three years the leadership has shown employment fulfill your to provide consistent information to residents protected by phase one. today in my constituency are holding -- [inaudible] provides decent information and decent conversation to everyone affected? >> mr. speaker, i know his strong views on this, not least because of the way hs2 may affect his constituents. of course, i agree with him that not only should full conversation be payable as w
as a poll tax? >> mr. speaker, everybody except when you make a change from one system to another there are hard cases. it needs to be dealt with compassion and that's why we have troubled the discretion housing payment to allow less appointed -- in ask the board with him with his welfare spoke person who has declared the labour party will be tougher on welfare and the coalition? and yet that side of the house has opposed 83 billion pounds worth of welfare savings. are they tough or are...
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Dec 4, 2013
12/13
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KQED
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if you tax the shareholder you're taxing the ultimate -- >> rose: at ordinary income rates. >> yes. and they're clipping coupons, they're not hiring people, they're not engaging in spending. >> rose: and corporations are doing that. >> and take their trite 0. by the way all this money they talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they're not even bringing it back to the 35% rate. >> rose: can you think this has a chance in hell of being politically viable? first question. second question, is the reason you're sitting at this table going to campus is is because you want to create some kind of political action that might result in it having a chance in hell? >> the second question: i want to shine a light on this issue and i am desperately hoping the young people will start a movement. do i want to start the movement? i don't think i'm capable. do i think i can articulate the facts and have i seen them respond that somebody out there could start a movement in yes. in my opinion they were instr
if you tax the shareholder you're taxing the ultimate -- >> rose: at ordinary income rates. >> yes. and they're clipping coupons, they're not hiring people, they're not engaging in spending. >> rose: and corporations are doing that. >> and take their trite 0. by the way all this money they talk about overseas, if the corporations take that money and buy back stock and issue dividends, that money comes back at a 40% rate. they're not even bringing it back to the 35% rate....
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Dec 7, 2013
12/13
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ALJAZAM
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tax increases, spending increases at the federal level. so many possibility it is difficult to disentangle-- >> is it really had a hard if millions of people have more money to spend we don't know what the effect will be? >> sure' we're talking about 300 million people and 15 million would be independentin benefitingfrom the wage increas. so in the context it will b be a small number. >> we are it will be a shot in the arm to the macro-economy, but it won't be huge. it would shift $35 billion to minimum wage workers. so the economy is 15 trillion-dollar. so it will generate jobs when those people will spend that money. but it's not a jobs program. it's a wage program. that increase, that economic activity, those people will spend that money. it will increase the amount for foods and services. who produces the goods and services? more workers, more workers will be willneed to be hired. >> and richard, help me out here. will you be less reluctant to add another worker or two on a shift if your marginal costs per hour have gone up 10% to 25%?
tax increases, spending increases at the federal level. so many possibility it is difficult to disentangle-- >> is it really had a hard if millions of people have more money to spend we don't know what the effect will be? >> sure' we're talking about 300 million people and 15 million would be independentin benefitingfrom the wage increas. so in the context it will b be a small number. >> we are it will be a shot in the arm to the macro-economy, but it won't be huge. it would...
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Dec 4, 2013
12/13
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FOXNEWSW
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if you construction your taxes so you don't get a tax refund, so you just pay taxes, presumably you won't have a fine. so people are going to game the system because frankly they can't afford. it i talked to a restaurant owner over the weekend. owns nine restaurants. he told me he's forcing good and decent people who follow the rules to be corrupt. he said, i don't want to be corrupt, nobody does, but how do we stay in -- >> it stumbles on, this law. are your colleagues hoping it dies of its own weight? that's easier said than done. >> i hope it goes away. i'm the author of the bill to repeal obama care. we want this to go away because it's killing jobs in this country. killing the economy. it's hurting people's lives in a real-time basis. middle class -- >> does it -- sorry, ma'am, does it bug you when democrats go, yeah, they're going at bashing, but they don't have a plan of their own. there are half a dozen plans -- >> more than that. >> republicans, some say, want to annihilate this and do nothing in return. >> it's political. if you want to address the situation, do one thing -- let
if you construction your taxes so you don't get a tax refund, so you just pay taxes, presumably you won't have a fine. so people are going to game the system because frankly they can't afford. it i talked to a restaurant owner over the weekend. owns nine restaurants. he told me he's forcing good and decent people who follow the rules to be corrupt. he said, i don't want to be corrupt, nobody does, but how do we stay in -- >> it stumbles on, this law. are your colleagues hoping it dies of...
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Dec 9, 2013
12/13
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BLOOMBERG
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regulators hunting american tax evaders. of ing us more is ben jones team that specializes in international corporate tax issues. great to have you on the program. a k to us about how this is turning point. it started a couple of years ago when we realized that swiss were to the point where people could put their money is a turning e point today. >> today and in the coming weeks months is a real turning point because over the last been a f years there's growing pressure from the u.s. information about u.s. account holders and enerally for countries such as switzerland but specifically they have been talking to witzerland to engage more proactively with the international information that are growing in force in the tax world. the is is not only about u.s. but u.s. today because the is saying you should sign up or you risk big fines on you. a collective conscience of asking more and to reveal bank accounts. >> this is a global issue. very stronglyiven by the u.s. because they have clout to ic power and do so. but you will see
regulators hunting american tax evaders. of ing us more is ben jones team that specializes in international corporate tax issues. great to have you on the program. a k to us about how this is turning point. it started a couple of years ago when we realized that swiss were to the point where people could put their money is a turning e point today. >> today and in the coming weeks months is a real turning point because over the last been a f years there's growing pressure from the u.s....
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Dec 4, 2013
12/13
by
ALJAZAM
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as a trickle-down ideology became more prominent, taxes were slashed for the wealthiest, while investments that make us all richer, like schools and infrastructure, were allowed to wither. and for a certain period of time we could ignore this weaken economic foundation, in part because more families were relying on two earners as women entered the work force. we took on more debt. but when the music stopped and the crisis hit millions of families were stripped of whatever cushion they had left. as the result is an economy that has become profoundly inequal, and families that are more insecure. since 1979 when i graduated from high school, our productivity is up by more than 90%. but the income of the typical family has increased by less than 8%. since 1979 our economy has more than doubled in size. but most of that growth has flowed to a fortunate few. the top 10% no longer takes in one-third of our income. it now takes half. whereas in the past the average ceo made about 20 to 30 times the income of the average worker, today's ceo now makes 273 times more. and meanwhile the family in the
as a trickle-down ideology became more prominent, taxes were slashed for the wealthiest, while investments that make us all richer, like schools and infrastructure, were allowed to wither. and for a certain period of time we could ignore this weaken economic foundation, in part because more families were relying on two earners as women entered the work force. we took on more debt. but when the music stopped and the crisis hit millions of families were stripped of whatever cushion they had left....
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Dec 9, 2013
12/13
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KCSM
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it is when it's actually the idea was asked whether he will order the good land tax. so he gets to go see happen that way. the total attacks were carried out by ten members of the script in a bow. when the city into the unguarded arabian sea. our students as well as lower costs of the only terrorists both alive. the attack does have the support of august on intelligence agency isi the dax lost it for three days killing one hundred and sixty four people and injuring the gc hundred and eight the oldest least know where we'd just about to call up and executed. we are what give renewed. what do there because christy was iced in although the precise orbit then attacked them again the bank of course and they were good for being somewhat toward the iv and give it did i would have sought to push his word. this request will be assigned as a mark of the vehicle fuel. our cricketers white. nick was either pockets time these two boxes from the isi twenty one did you know you had to force users to the office on diets high in the photo quite adequately. the insight that the week. t
it is when it's actually the idea was asked whether he will order the good land tax. so he gets to go see happen that way. the total attacks were carried out by ten members of the script in a bow. when the city into the unguarded arabian sea. our students as well as lower costs of the only terrorists both alive. the attack does have the support of august on intelligence agency isi the dax lost it for three days killing one hundred and sixty four people and injuring the gc hundred and eight the...
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Dec 10, 2013
12/13
by
FOXNEWSW
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eye 164
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he is about lowering taxes and keeping taxes low. he is going after education who in new jerseyç or any place el doesn't agree needs to be ramps up. and keeping texas down. more of us keeping more of our money. >>ç conservatives don't love h for a variety of reason ares. the questions that i asked chris too, do conservatives have something toç learn? >> i have to say, i have always said that chris christie is the one that i'm most concerned about regardless of who is on thatç platform with a d on the chest. we saw with romney even though he was a mormon and a lot of the more christian conservatives im, at the end of the day you have a democrat and a republican they will put their support to chris christie. but i think he has great appeal in new jersey and heç should. i'm not sure they go dgoing to transcend on a national level. i think he will have some problem with the gay vote which is a vastç growing politicaly force in america. >> and it is all about the beginning of the race called the primaries as well. >> right now
he is about lowering taxes and keeping taxes low. he is going after education who in new jerseyç or any place el doesn't agree needs to be ramps up. and keeping texas down. more of us keeping more of our money. >>ç conservatives don't love h for a variety of reason ares. the questions that i asked chris too, do conservatives have something toç learn? >> i have to say, i have always said that chris christie is the one that i'm most concerned about regardless of who is on...
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Dec 9, 2013
12/13
by
CSPAN2
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eye 52
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the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that comes into the treasury, and the benefits go out. and it's not, it's not as if beneficiaries, you know, when we talk about the, you know, the payroll tax being insufficient to cover benefits -- which it is right now, the program is running a deficit -- social security is able to receive sufficient funding by cashing in the bonds that it has in the trust fund, but that is an expense to to the treasury, another part of the government, which has to come up with the pun to cover those bond payments into the social security. so it is, you know, the bottom line is it really is part of the federal budget. we
the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that comes into the treasury, and the...
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free zones were not or that's not true or he were taxed might already taxes him we're going to talk about unemployment here's the thing he's basically cutting taxes in those areas where they haven't had one ride tracks tax breaks for corporations ever since you know reagan came into office it doesn't. you're the last you said you want to have it was not trying to get rid of all the taxes he's trying to lower them to five percent for personal and corporate taxes which is the same this would save one week one of them for the middle seventy four percent down to twenty eight percent a year but the thing is and it exploded the deficit it's only happening in luxor is what they have been over twelve percent unemployment rate so we're talking about highly distressed areas wouldn't you like to see tax cuts go at least to those areas where people are hurting the most where unemployment is the highest tax cuts that have not worked so we've got a policy that for thirty two years we've tried over and over and over again every time we try it it makes things worse and you say oh yes let's do more
free zones were not or that's not true or he were taxed might already taxes him we're going to talk about unemployment here's the thing he's basically cutting taxes in those areas where they haven't had one ride tracks tax breaks for corporations ever since you know reagan came into office it doesn't. you're the last you said you want to have it was not trying to get rid of all the taxes he's trying to lower them to five percent for personal and corporate taxes which is the same this would save...
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Dec 2, 2013
12/13
by
CSPAN
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eye 82
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they have the general services tax, the value added tax. the price elasticity on a can of soda as very small. price elasticity is how much of a change in consumption you will see with the one percent change in price. it does not change much. a 10% price increase only increases consumption by 2%. that is not very good. that is what we talk about -- a penny an ounce. existing taxes on soda so far have not resulted in soda consumption. at 3%. this fits this. soda taxes, are they for programs or to reduce consumption? if they are for programs and not consumption, do you know what will happen? soda companies will say, it did not work. worse yet, some unscrupulous politician will take the money and use it for general funds or personal funds and that is what everybody is worried about because that is what we have seen already with tobacco. large taxes are necessary to reduce consumption. the rand corporation says we need a 36% tax to effectuate a 25% reduction in consumption. we need to double the price of a can of soda. do you think anybody is re
they have the general services tax, the value added tax. the price elasticity on a can of soda as very small. price elasticity is how much of a change in consumption you will see with the one percent change in price. it does not change much. a 10% price increase only increases consumption by 2%. that is not very good. that is what we talk about -- a penny an ounce. existing taxes on soda so far have not resulted in soda consumption. at 3%. this fits this. soda taxes, are they for programs or to...
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Dec 2, 2013
12/13
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CSPAN
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it notes expiring tax provisions , that more than 60 tax provisions are set to expire at year's end. also on thatalso on that my to-s the medicare reimbursement for doc there's. --for doctors. this first session of the hundred 13th congress passing under -- enacting just under 60 pieces of legislation. carl is up from kansas city, missouri on our lines for democrats. good morning. i am a liberal democrat from kansas city, missouri and i want to say a couple of things real quick. the media has gotten 80% of -- 40% of americans think he is a communist from kenya. and obama is a moderate republican. he is lower taxes for the very rich when they were supposed to be temporary. but because of clinton's surplus they have extended that. he got caught in an economic bind and he helped out the bankers. what he is doing with the insurance company are trying to do is trying to use free enterprise to regulate and turn the insurance companies who, by andway, are scam artists, turned them into a regulated utility and set some rules for the game and all the subsidies are going to the insurance compa
it notes expiring tax provisions , that more than 60 tax provisions are set to expire at year's end. also on thatalso on that my to-s the medicare reimbursement for doc there's. --for doctors. this first session of the hundred 13th congress passing under -- enacting just under 60 pieces of legislation. carl is up from kansas city, missouri on our lines for democrats. good morning. i am a liberal democrat from kansas city, missouri and i want to say a couple of things real quick. the media has...
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60
Dec 2, 2013
12/13
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KCSM
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eye 60
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taxes and death no count suggests the worst air and higher taxes. eu membership month it's as scotland can forget about it the trident nuclear program david cameron claims getting rid of it is a bad idea in case of the book to a nuclear attack. my teeth and the roaming charges the immobile fellas if the split happens at the list goes on to stop the project the year by the yes camp they accuse the government of scaremongering stopped in to vote no and this is the white paper will prove that independence would bring about a jobs bill and a thriving economy concerns that resonate with voters this white paper answers some six hundred and fifty questions said that details give me the marquee their two main categories here one knows it will be negotiated during the transition period and another ideals to be made to become independent scottish government is in deed for warmth. they promise and eat a lot of breaking down of all the policies they want to pursue the system what a sad little supply coal to damaging wish list of policies at piecing so many peop
taxes and death no count suggests the worst air and higher taxes. eu membership month it's as scotland can forget about it the trident nuclear program david cameron claims getting rid of it is a bad idea in case of the book to a nuclear attack. my teeth and the roaming charges the immobile fellas if the split happens at the list goes on to stop the project the year by the yes camp they accuse the government of scaremongering stopped in to vote no and this is the white paper will prove that...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
12/13
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SFGTV2
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our cities to make sure we have the kids to take those wonderful jobs and so i hate to us the word taxes by how can we crate of the revenue that the fed's have left us to do. we're in poverty and we need our cities to step up >> thank you, mayor lee. >> (laughter) . well, that first of all, we have is a pretty r06b9 budget and we do - by the way, i think in order to depreciate the kind of revenue we first of all, begin with the basics we have to have a strong business approach to our budget so creating that san francisco in the industry was small business owner something i spent a lot of time. i tackled pension reform and created a trust fund so start paying for the mandatory that would hurt us dead on arrival down the road. so we contact talk about stuff until we've built an san francisco. today we've done all the things that insurance companies and other fails i failures of other cities across the country didn't pay attention to all those mandates we put them into the mix and now we do 2 year budgeting and we've got 4 reserve accounts for the city. now that we've done that companies ca
our cities to make sure we have the kids to take those wonderful jobs and so i hate to us the word taxes by how can we crate of the revenue that the fed's have left us to do. we're in poverty and we need our cities to step up >> thank you, mayor lee. >> (laughter) . well, that first of all, we have is a pretty r06b9 budget and we do - by the way, i think in order to depreciate the kind of revenue we first of all, begin with the basics we have to have a strong business approach to...
SFGTV2: San Francisco Government Television
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Dec 2, 2013
12/13
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SFGTV2
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people not knowing we pay the same taxes and have the same obliterations as the rest of the americans. so what can the city and a tech destroy do. that's why the silicon leadership group who have all those members to make sure that all clusters emphasize the need for all immigration. we want to get to one more person >> i'm here actually, i went through the exact same issue i was a foreign student and it took me looked at to get the green card. i'm not sure in the category i see less than 20 thousand people in america - the question i have why people say the farm worker when you look at the - they have the h1 b visa which means allowing both people can go to singapore and go to the u.s. to work and they never have a problem and they can stay here for long. why is there an exception to >> everyone deserves a bank account. in san francisco, anyone can have a bank account, things to an innovative program, bank on s.f. >> everyone is welcome, even if you are not a citizen or have bad credit to qualify for a bank account is simple. just live or work in san francisco and have a form of id.
people not knowing we pay the same taxes and have the same obliterations as the rest of the americans. so what can the city and a tech destroy do. that's why the silicon leadership group who have all those members to make sure that all clusters emphasize the need for all immigration. we want to get to one more person >> i'm here actually, i went through the exact same issue i was a foreign student and it took me looked at to get the green card. i'm not sure in the category i see less than...
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Dec 9, 2013
12/13
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ALJAZAM
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it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving factor. with that we're cutting roads, highways, education, medical research, the things that we ought to be investing in because we're holding sacrosank for folks my age. which i appreciate very. but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough politi
it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving...